cenovus energy
Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place, having completed a move from the neighbouring Bow in 2019.
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For Successful Investors, the appeal of aggressive stocks is obvious: they can give you bigger gains than conservative ones. But as our readers are well aware, they can also hand you bigger losses. That’s why they’re only suitable for those of you prepared to accept the added risk.
Regardless we continue to recommend that aggressive stocks make up no more than, say, 30% of your portfolio....
Regardless we continue to recommend that aggressive stocks make up no more than, say, 30% of your portfolio....
Welcome to your latest issue of The Successful Investor. This month, as we start out 26th year of publishing, we draw your attention to two terrific buys for income-seeking investors.
RioCan appears set to start increasing its distributions again as it completes a major pivot to more-profitable, mixed-use urban properties....
RioCan appears set to start increasing its distributions again as it completes a major pivot to more-profitable, mixed-use urban properties....
It isn’t often we can confidently recommend to you a stock with a high 5.3% distribution yield. But, RioCan is one exception as its high-quality properties generate plenty of cash flow to keep your distributions steady. What’s more, the REIT continues to make moves designed to raise its cash flow and your prospects for higher returns.
RioCan’s shift away from suburban big-box malls to big city properties with a better mix of office and residential space will drive that growth....
RioCan’s shift away from suburban big-box malls to big city properties with a better mix of office and residential space will drive that growth....
ROYAL BANK OF CANADA $108 (www.rbc.com) is a buy. Starting with the November 2019 payment, investors receive a quarterly dividend of $1.05 a share, up 2.9% from $1.02. The $4.20 annual rate yields a high 4.0%. Its earnings will likely improve from $8.96 a share in the fiscal year ended October 31, 2019, to $9.39 in 2020....
You have already benefited from CIBC’s longstanding focus on Canada. Now its expansion in the U.S. sets you up for more gains. By tapping into that much bigger market, the bank lifts its growth prospects, cuts its risk and paves the way for stronger dividend increases for its investors.
CANADIAN IMPERIAL BANK OF COMMERCE, $115, is a buy for both your gains and income. The bank (Toronto symbol CM; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 445.4 million; Market cap: $51.2 billion; Price-to-sales ratio: 3.0; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.cibc.com) continues to reduce its focus on Canada, which now accounts for about 90% of its revenue....
BANK OF MONTREAL, $100, is a buy. The bank (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares o/s: 638.4 million; Market cap: $63.8 billion; Price-to-sales ratio: 2.6; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.bmo.com) continues to expand its online and mobile platforms as fewer of its clients visit physical branches.
Thanks to those investments, Bank of Montreal has improved its efficiency ratio (non-interest costs, such as employee salaries, divided by revenue—the lower, the better) from 65.5% in the fiscal year ended October 31, 2015, to 59.9% in the quarter ended July 31, 2019....
Thanks to those investments, Bank of Montreal has improved its efficiency ratio (non-interest costs, such as employee salaries, divided by revenue—the lower, the better) from 65.5% in the fiscal year ended October 31, 2015, to 59.9% in the quarter ended July 31, 2019....
TOROMONT INDUSTRIES LTD., $70, is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.5 million; Market cap: $5.7 billion; Price-to-sales ratio: 1.6; Dividend yield: 1.5%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada....
FORTIS INC., $54, is our #1 Income Buy for 2019. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 436.6 million; Market cap: $23.6 billion; Price-to-sales ratio: 2.7; Dividend yield 3.5%; TSINetwork Rating: Average; www.fortisinc.com) plans to invest a total of $18.3 billion between 2020 and 2024 in its operations....
Canadian Utilities recently sold its 12 fossil fuel-fired plants in Canada, plus other non-core assets. The company will likely reinvest the proceeds in new businesses. That will further enhance value for its investors, but also for the shareholders of its parent company, ATCO.
We like both stocks, but CU’s higher dividend and yield make it a better buy for income-seeking investors.
CANADIAN UTILITIES LTD....
We like both stocks, but CU’s higher dividend and yield make it a better buy for income-seeking investors.
CANADIAN UTILITIES LTD....
THOMSON REUTERS CORP. $88 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 501.1 million; Market cap: $44.1 billion; Price-to-sales ratio: 7.6; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.thomsonreuters.com) now aims to drive investor returns with its focus on selling specialized information to professionals in the legal, and tax and accounting fields.
It also owns the Reuters news service, but sold 55% of its Financial & Risk business (now called Refinitiv) on October 1, 2018, to a consortium led by Blackstone Group LP (New York symbol BX)....
It also owns the Reuters news service, but sold 55% of its Financial & Risk business (now called Refinitiv) on October 1, 2018, to a consortium led by Blackstone Group LP (New York symbol BX)....